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there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> meanwhile house speaker john boehner says the latest proposal from the white house would cripple the economy. the plan calls for a boost in revenue by $1.6 trillion over the next decade. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it's, it's -- not a serious proposal. so right now we're almost nowhere. >> >> mike viqueira joins us live from the white house. where is almost nowhere? >> it's inside the beltway and it's business as usual. it's also december 1st, alex, and
there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for...
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Nov 29, 2012
11/12
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it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as her music. yoko ono with a new line from a sketch she drew for her and john lennon's wedding. they were designed to celebrate john lennon's hot bod. tank tops with nipple cutouts, buttless pants which we are not going to show you. really. interesting. >> two words i thought you would never say. buttless pants. >>> president obama has dispatched one of his top money men to cut a deal with lawmakers. we are talking about that coming u. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spe
it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as...
WHUT (Howard University Television)
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Dec 6, 2012
12/12
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cliff talks. he was a negotiator back in the debt limit talks back in the summer of 2011 as well. this is one of the reasons why you might not see the president nominate the treasury secretary and name his economic team for some time maybe until even they get this fiscal cliff mess behind them because if they nominate jack lou that could tie him up for confirmation hearings and they don't want to risk that. >> rose: they have somebody say this to me when i was down in washington for the kennedy honors, if lyndon johnson was president he would have him what the whitehouse and he would lock the doors and say we're not going to left you out until you get a compromise. when the president hears that kind of talk, how does he respond? >> well i tried to push him on that in the interview. it's pretty striking that just the night before speaker boehner had been to the whitehouse for the annual christmas party. they didn't even exchange any pleasantries are, they didn't have a conversation. it shows you al
cliff talks. he was a negotiator back in the debt limit talks back in the summer of 2011 as well. this is one of the reasons why you might not see the president nominate the treasury secretary and name his economic team for some time maybe until even they get this fiscal cliff mess behind them because if they nominate jack lou that could tie him up for confirmation hearings and they don't want to risk that. >> rose: they have somebody say this to me when i was down in washington for the...
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Dec 1, 2012
12/12
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fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with the $1.6 billion in new revenues and that's twice what the president was talking about before the election. republicans, obviously, rejecting it out of hand. we all heard by now republican leader in the senate mitch mcconnell laughed at it. there you see some of the provisions there. $600 billion in savings. some of it from medicare, another 50 billion in spending and new spending on infrastructure and stimulus spending. that's something that republicans aren't going to want to go to. the two sides are far apart. here we are on december 1st, th
fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with...
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 29, 2012
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the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal cliff driving things. we heard commentary from lloyd blankfein, between that and the lead story -- one of the top stories on the front page of the "wall street journal" suggesting the president is flexible on the tax hikes, that sounds like a deal might get done. you see a gain of 50 or 60 points. gdp up 2.7% from 2%. there was concerning things when you dig into the numbers, it's all fiscal cliff all the time here, chuck. >> oh, hopefully, as you guys say, it will all -- people will rise above, right, becky? >> that's right. >> i know. i see the button. up next, we're taking a deep dive into
the weekly jobless claims which have some sandy issues involved or the fiscal cliff talks? >> definitely the fiscal cliff. what you were talking about yesterday, boehner's comments really turned things around for the markets, all this sense of optimism all of a sudden. we saw the markets go from down triple digits for the dow up to triple digits. we haven't seen a swing like that since over a year ago. it's been october of 2011 was the last time it happened. it's definitely the fiscal...
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Nov 29, 2012
11/12
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we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to release his report into a phone hacking. the investigation lasted 12 months. the report will make recommendations on future press regulations and is expected to criticize politicians and police. david cameron will be making a statement in response to the report. c-span is covering these events. jay rockefeller is weighing in on this investigation saying that he hoped the report would contain to clear the air and hold the media organizations involved accountable for their deplorable conduct. "i understand the main goal is to make policy recommendations.
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to...
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Nov 29, 2012
11/12
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that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big potential problem. it would no doubt cause prices on homes to fall? liz: to rise? >> i'm sorry. liz: if you took the mortgage deduction it would cause prices to rise. >> we would see prices fall because the demand for homes would teeter. this is big decision whether deciding to rent or purchase. you remove that incentive people will drop out of the marketplace. all of sudden a lot of potential homebuyers would-be homebuyers drop out of the marketplace and cause decline in prices up to 10%. this could really undermine any momentum we've seen in the housing market as of late. liz: that is in
that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big...
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Dec 2, 2012
12/12
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by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> very next day, boehner is suddenly grim, talks having accomplished a thing. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. campaign-style rallies and leaks in the press are not the way to get things done here in washington. >> all right. susan, you're looking at the monitor and looking at his body langua
by week's end, fiscal cliff talks were at a standstill. it was all doom and gloom and, they're not serious, what's wrong? we hate them again. let's bring in our body language expert, susan constantine, to help us. we want to start with house speaker, john boehner. he was saying on wednesday he was optimistic about a deal. >> republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. optimistic that we can continue to...
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Nov 30, 2012
11/12
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healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the tax liabilities. that means they will have income to invest
healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax...
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Dec 2, 2012
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cliff talks. in two huge interviews on "fox news sunday" today. chris wallace sitting down for exclusive interview with republican house speaker john boehner. he also got the white house position from treasury secretary tim geithner. >> i would say we're nowhere, period. we're nowhere. we put a serious offer on the table to put the re-knews up there to get the question resolved and the white house responded with virtually nothing. they actually asked for more revenue than they have had for the entire time. >> you heard them for the first time in two decades, acknowledge they are willing to have revenues go up as the balance plan. that is to good first step but they have to tell us what they want to do on rates and re-knews. that is hard for republicans and we understand that. but there is no way without that. they have to tell us on the spending time what they want to do go beyond and what makes sense to them. >> jamie: joining me now the anchor of "fox news sunday," chris wallace. good morning. >
cliff talks. in two huge interviews on "fox news sunday" today. chris wallace sitting down for exclusive interview with republican house speaker john boehner. he also got the white house position from treasury secretary tim geithner. >> i would say we're nowhere, period. we're nowhere. we put a serious offer on the table to put the re-knews up there to get the question resolved and the white house responded with virtually nothing. they actually asked for more revenue than they...
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Nov 29, 2012
11/12
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jim was talking about a lot of specifics here, and we talk about the fiscal cliff. in some ways this is really a lot about symbolism and more for us, i think, than the two of them. can you describe what you think it means? >> sure. well, let me start by just saying across the street from where i'm at at rice, george herbert walker bush has been in the hospital, and we wish him a speedy recovery from his illness. it's an example of how you can form a friendship at these meetings. bill clinton had beat the sitting president, george herber walker bush, and they met similar to the way romney and obama are now, and now clinton and 41 are dear, close friends and have done many constructive things together around the world. i think, by and large, these meetings, the luncheon today, will be about optics. it's the photo ops. it's a chance to say america is united. there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember
jim was talking about a lot of specifics here, and we talk about the fiscal cliff. in some ways this is really a lot about symbolism and more for us, i think, than the two of them. can you describe what you think it means? >> sure. well, let me start by just saying across the street from where i'm at at rice, george herbert walker bush has been in the hospital, and we wish him a speedy recovery from his illness. it's an example of how you can form a friendship at these meetings. bill...
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Nov 29, 2012
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so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the exchange. we will bring on judge andrew napolitano to talk about this one. lori: "time" magazine announcing it candidate for person of the year. wait until you hear who the candidates are. we will handicap the list with lou dobbs. melissa stocks as we do every 15 minutes. nicole petallides standing by. stocks are losing sseam as house speaker john boehner took the podium although they have recovered a bit. nicole: is difficult to monitor which way and guess which way the market will go as each headline process crosses, we'reg the market being started around the unchan
so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the...
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Nov 29, 2012
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with all the talk of a fiscal cliff. record numbers and they have spent little that they have left on the ticks on the power ball. is this a tax on the poor? and the numbers point that out. it is a tax on the poor. for some people this is fun and games and i don't regret or be gruth anything to anybody. i think of the movie waiting for superman there were parts of that movie that i had an issue with. everyone who saw these kids kiting with the parents with the school meetings with the balls bouncing around hoping that their number would come up so that they could get a seat. when you see those balls bouncing around. again, when education becomes a lottery, we become a problem. what about black friday? is it healthy that americans rush out with 8% unemployment. by all of these deals and so on? is that healthy to be having this happen on friday it carried on over the weekend. it is. >> the short answer is when you have corporate greed and indifference and some bad decisios a lottery ticket isn't going to bail you out. we a
with all the talk of a fiscal cliff. record numbers and they have spent little that they have left on the ticks on the power ball. is this a tax on the poor? and the numbers point that out. it is a tax on the poor. for some people this is fun and games and i don't regret or be gruth anything to anybody. i think of the movie waiting for superman there were parts of that movie that i had an issue with. everyone who saw these kids kiting with the parents with the school meetings with the balls...
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Dec 7, 2012
12/12
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they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,000 a year hike in taxes. meanwhile, republican senator jim demint of south carolina among all -- in the midst of all the fiscal cliff talks and the pressure that's mounting here on capitol hill, well, the senator resigned the senate yesterday. he said he's going to head a conservative think tank claiming he can do more there than he can do here in congress. we'll have another report in a half-hour. back to you. >> delia goncalves with that june date from capitol hill. >>> local lawmakers are talking to 9news about the fis
they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of...
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Dec 5, 2012
12/12
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cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky is always up for playing political games himself. he's joining us from washington d.c. thanks for coming back inside "the war room." >> it is always my pleasure, governor. >> jennifer: always a pleasure to have you. so let me talk about this debt ceiling issue. because really, as we look at it really, the only leverage that republicans have on the fiscal cliff talks they proceed to be with the debt limit right? so today the treasury department ups the ante by endorsing republican senator mitch mcconnell's summer 2011 provision which, you know, he suggested and it effectively lets the president rai
cliff discussions by folding the debt ceiling into fiscal cliff talks. take a listen. >> obama: congress, in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation which by the way we have never done in our history until we did it last year, i will not play that game. >> jennifer: fortunately for us "newsweek" "daily beast" special correspondent michael tomasky...
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Nov 29, 2012
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this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united states, but guest of. and that's the best -- >> i now have a solid preduction. he will not once say the word yo. >> that was my own -- >> your artistic representation. >> richard, what i think, the only thing i'd find great about it is watching obama, the actor. as we just saw, oh, i thought he did a terrific job at the olympics, i loved watching that stream of i'm not sure what you call it, but it's acting. it's not coming from the heart. >> he does it very sincerely and look, we may never know what happens inside those quiet rooms that they're going to be having their meeting in, but here's what we kno
this is wicked boring. >> i bet the president will talk to him about the fiscal cliff and they'll talk about entitlement reform and maybe tax reform. but the one thing i don't think the president will do because the president is a gentleman, you know, what was up with the 47% and gifts? i gave gifts to people? he's not going to go there with mitt romney. one, as i said because he's gentleman, but two, he doesn't have to because mitt romney is coming there not as president of the united...
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Nov 30, 2012
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cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with a new stimulus. this is almost unheard of. what do they expect? they obviously expect they will cave on everything. i think they ought to simply walk away. the president is the president. he is the leader. they are remanning republicans explain all of the cuts they want to mac. we had that movie a year and a half ago where paul ryan presented a budget a serious real budget with real cuts, obama was supposed to give a speech in which he would respond with a counteroffer. he gave a speech we had ryan sitting in the front row. he called the ryan proposal unamerican offered not
cliff deal, charles krauthammer is talking about it. he calls it quote insulting. >> it's not just a bad deal. what geithner offers on the street robert e. lee was offered easier terms and he lost the civil war. democrats won by 3 percent of the voeft and they did not hold the house. republicans won the house. this is not the condition of surrender but that's what the administration is asking the republicans. they are not only cuts there are increase in spending with a new stimulus. this...
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Nov 30, 2012
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just after this lunch took place, the president offered a tough fiscal cliff proposal to congress, one that aides to john boehner say -- wait for it -- he's already rejected. of course he has. joining me to talk about all things politics, "new york times" columnist frank bruni and ross douthat. how many seconds was it, do you think, gentlemen, let me start with you, frank, before john boehner rejected out of hand president obama's attempt to try and do a fiscal cliff deal? >> with $1.6 trillion in new taxes, i think probably half a second. >> when you see the apparent attempt at a bipartisan lunch going on today between obama and romney, it was all very sweet and everything, the reality is the picture was about as uncomfortable as the relationship is between the two sides, and again, frank, how do we get to a better place in washington? how do we get these guys to realize, let me throw this at you. i interviewed mike tyson an hour ago. fantastic interview in many ways. what i found really fascinating and relevant to this, he talks about when he goes back to the streets he grew up in in
just after this lunch took place, the president offered a tough fiscal cliff proposal to congress, one that aides to john boehner say -- wait for it -- he's already rejected. of course he has. joining me to talk about all things politics, "new york times" columnist frank bruni and ross douthat. how many seconds was it, do you think, gentlemen, let me start with you, frank, before john boehner rejected out of hand president obama's attempt to try and do a fiscal cliff deal? >>...
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cliff talks. i think what is going on here is the white house heard the criticism and they are trying to breathe some new life into these talks. politico reported there was a phone call between the president and speaker boehner. they claim it was curt as in a short call that did not go well. jay carney just pushed back and said it was a 28-minute phone call. he said it was frank and direct. and it was good, it was positive. they believe, the white house does, that they are making progress. but i pressed jay carney. i said will spending cuts be included? and here is what he said. >> can you hold up that budget, look in the camera and say to your fellow democrats on capitol hill, vote for and include some of these spending cuts in this deal to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the whit
cliff talks. i think what is going on here is the white house heard the criticism and they are trying to breathe some new life into these talks. politico reported there was a phone call between the president and speaker boehner. they claim it was curt as in a short call that did not go well. jay carney just pushed back and said it was a 28-minute phone call. he said it was frank and direct. and it was good, it was positive. they believe, the white house does, that they are making progress. but...
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Nov 29, 2012
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james carney said the president is now open to spending cuts being part of the fiscal cliff talks. yesterday, the president suggested the tax changes now can be done and spending changes next year and the republicans say, not so were. second, a phone call teen the -- between the president and speaker boehner and carney said the president laid out any deal has to have an increase in tax rates but he would not be specific suggesting there is flexibility. the top rate does nut have to be 39.6 back from clinton, but something to get a deal jump started. mitt romney was here for lunch the first meeting since after the election and it was awkward and the menu included turkey chili and a white house readout said they promised to "keep in touch" if the opportunity arises where their interests intersect, maybe another way of saying not so much. >>neil: turkey chili. >>guest: healthy. >>neil: it is. and you are healthy. they are not close to a deal? they aren't close to a deal? what is the deal? we don't know. when we get a deal, and they will, it will be because of something we don't see, n
james carney said the president is now open to spending cuts being part of the fiscal cliff talks. yesterday, the president suggested the tax changes now can be done and spending changes next year and the republicans say, not so were. second, a phone call teen the -- between the president and speaker boehner and carney said the president laid out any deal has to have an increase in tax rates but he would not be specific suggesting there is flexibility. the top rate does nut have to be 39.6 back...
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Dec 3, 2012
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just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't really see them doing that. >> thank you very much. mr. president. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are
just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't...
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one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their income. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget office and legi
one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses...
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. >>> the fiscal cliff talks just turned into the godfather. part 2. >> america only thrives when we have a strong and growing middle class. >> the president hits the road today. >> back on the road today. >> to sell his proposal to avoid the fiscal cliff. >> we've got important decisions to make. >> obama played a kind of hard ball. >> let's play hall. >> all of us have to get out of our comfort zones to make that happen. >> we are ready to work for the president. >> buffed the president's proposal. >> the wrong approach. >> tim geithner brought them a deal. >> it didn't go bellwell. >> they thought was lewdrous. >> gave republicans nothing. >> my offer is this. >> my offer is this. >> nothing. >> nothing. >> republicans were very much offended. >> mitch mcconnell lasted at the offer. >> burst into laughter. >> laughing at the president's package -- >> that catch them by surprise at all? >> they have to come up with their pennsylvania package. >> we are ready to work with him. >> i promise ton laugh at it. >> we can solve these problems. >> we
. >>> the fiscal cliff talks just turned into the godfather. part 2. >> america only thrives when we have a strong and growing middle class. >> the president hits the road today. >> back on the road today. >> to sell his proposal to avoid the fiscal cliff. >> we've got important decisions to make. >> obama played a kind of hard ball. >> let's play hall. >> all of us have to get out of our comfort zones to make that happen. >> we are...
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Nov 29, 2012
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tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, but who are more pessimistic. the clock is really ticking. about ten legislative days left in the year. outlines are there but the willingness to do it and the ability to get it done in t
tim geithner is about to meet with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like....
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. >>> investors and traders keep tabs on statement out of this week's fiscal cliff talks, they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest
. >>> investors and traders keep tabs on statement out of this week's fiscal cliff talks, they'll also be watching for friday's release of the november jobs report and what impacts superstorm sandy and those fiscal fears may have had on hiring. meanwhile, the national retail federation is asking congress to step in and stop striking clerical workers who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day....
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cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especia
cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the...
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. >>> secretary geithner is up on capitol hill to lead negotiations on the fiscal cliff talks. >> you're not going to grow the economy if you raise taxes on the top two rates. that's not the right approach. >>> string of nasty storms barreling into the west coast. powerful winds have started knocking out power. >> just need to get to the other side of town. i don't have a choice. >> picked a bad day to do it? >> yeah. >> u.s. embassy in cairo is closed. the entrance is blocked by protesters as clashes erupt nearby. >> zebra and s hechlt tland pony ran wild through the streets of new york city. they apparently escaped from a petting zoo. >>> nypd says actress lindsay lohan has been raefed and charged with assault. >> three, two, one. >> only nbc would make a television event out of plugging something in. >> all that -- >> oh, humphries and rondo get into it. officials trying to get control here. >> don't tell me what i think. when i said i didn't have a problem, i don't have a problem. got it? >> and all that matters. >> president obama plans to play host to his old political rival, mitt
. >>> secretary geithner is up on capitol hill to lead negotiations on the fiscal cliff talks. >> you're not going to grow the economy if you raise taxes on the top two rates. that's not the right approach. >>> string of nasty storms barreling into the west coast. powerful winds have started knocking out power. >> just need to get to the other side of town. i don't have a choice. >> picked a bad day to do it? >> yeah. >> u.s. embassy in cairo is...
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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let's go behind the scenes of the talks to avoid the fiscal cliff. it seems the framework for a deal actually might be taking shape. if so, what will it look like? david drucker has been nosing around a little bit. the associate politics editor at "roll call." when you hear senators and speaker of the house come out and talk it doesn't sound like they're all that close, david. are you optimistic? >> well i'm sort of on the fence here, jon. whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitude. i think that everybody wants to avoid having taxes go up for all americans as of january 1st but everybody has a price for that. and it, to me, it's about whether or not both sides are looking for a win-win deal, meaning, my opponent wins and i win. or whether both sides or one of the sides are looking for a deal where only i win and you lose and on top of all of that then we have to look at what do they want to include in any sort of deal? are we goi
let's go behind the scenes of the talks to avoid the fiscal cliff. it seems the framework for a deal actually might be taking shape. if so, what will it look like? david drucker has been nosing around a little bit. the associate politics editor at "roll call." when you hear senators and speaker of the house come out and talk it doesn't sound like they're all that close, david. are you optimistic? >> well i'm sort of on the fence here, jon. whenever you hear members of congress...
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that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does happen, it will come a little sooner than a lot of people had expected. the short list reportedly includes former republican senator chuck hagel, deputy defense secretary ashton carter, michelle floroni, a top official and democratic senator john kerry >> arthel: a reported murder-suicide rocking the nfl today. police say kansas city chiefs linebacker gentleman von belcher shot and killed his girlfriend this morning. he than drove to arrowhead stadium where he killed himself in front of his coach and general manager. elizabeth prann live from atlanta with more on this very s
that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does...
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words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to
words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday...
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Dec 7, 2012
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this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right
this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right
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this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unc
this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this...
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real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it can be done like that. it is not complicated. >> greg: speaker bane -- >> reporter: speaker john boehner not so optimistic. >> this is not a progress report, there is no progression to report. report. >> reporter: he blasted for not offering a counterproposal to his plan and they seemed more than ever going to stop the tax increase. economy shrugged off hurricane sandy to create 146,000 new jobs, nearly double what forecasters had said, job creation for september and october was revised downward by a total of 49,000. another 350,000 people were
real estn the world, the fiscal cliff. ed henry tells us not everyone is pessimistic. >> reporter: literally snapping his fingers, vice president joe biden today suggested it will be easy to finish a deal with congress to avoid the fiscal cliff. >> it would take 15 minutes from the time the decision is made by the speaker of the house to pass and make permanent middle class tax cut. the president would probably have me sprint up to the hill to bring the bill down for him to sign. it...
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right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand worlds around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican but the president of the united states who has to weather the storm and point the finger across the aisle to someone nobody else in the world knows. speaker boehner, will you solve this problem. i think times change. >> the economically the biggest risk is the sequestration. it's not the tax cuts going into effect. and -- >> you mean the millions of dollars -- >> the cuts that will be forced through in the next two years. that's a much bigger risk to the economy. >> therefore? >> therefore, if the president lets this thing -- look, the markets have already priced this in. >> i hear the opposite. i hear that t
right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand worlds around the world. the japanese markets, european countries, countries in europe which are precarious are in bigger trouble. the whole thing is going wacky, one guy is going to be standing in the middle of the storm, not grover norquist or some republican but the president of the united states who has to...